EnPro Industries, Inc. (NPO) Declares $0.24 Quarterly Dividend

EnPro Industries, Inc. (NYSE:NPO) announced a quarterly dividend on Wednesday, October 31st, RTT News reports. Stockholders of record on Wednesday, December 5th will be given a dividend of 0.24 per share by the industrial products company on Wednesday, December 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.54%.

EnPro Industries has a payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect EnPro Industries to earn $4.48 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 21.4%.

Shares of EnPro Industries stock traded up $2.08 during trading hours on Wednesday, reaching $62.20. 165,047 shares of the company’s stock were exchanged, compared to its average volume of 154,922. EnPro Industries has a 1 year low of $57.31 and a 1 year high of $94.79. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.21 and a beta of 1.06. The company has a quick ratio of 1.78, a current ratio of 2.64 and a debt-to-equity ratio of 0.56.

EnPro Industries (NYSE:NPO) last released its earnings results on Wednesday, August 1st. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.37). EnPro Industries had a return on equity of 7.33% and a net margin of 36.50%. The business had revenue of $393.60 million for the quarter, compared to analysts’ expectations of $370.48 million. During the same period in the previous year, the company earned $1.01 EPS. EnPro Industries’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, research analysts anticipate that EnPro Industries will post 3.53 EPS for the current fiscal year.

In other news, SVP Jon D. Rickers sold 500 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $75.63, for a total transaction of $37,815.00. Following the transaction, the senior vice president now owns 6,215 shares of the company’s stock, valued at approximately $470,040.45. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.

A number of equities research analysts have recently issued reports on the stock. Oppenheimer dropped their target price on shares of EnPro Industries from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, August 2nd. Zacks Investment Research lowered shares of EnPro Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 4th. TheStreet raised shares of EnPro Industries from a “c+” rating to a “b-” rating in a report on Monday, August 6th. ValuEngine raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $88.00 target price on shares of EnPro Industries in a report on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $90.67.

About EnPro Industries

EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.

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Dividend History for EnPro Industries (NYSE:NPO)

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